How many hours should you work?

Age 40 and up:

  1. 10 hours/day: If you want to increase your net-worth by 14% each year worked.
  2. 7 hours/day: If you want to increase your net-worth by 11% each year worked.
  3. 5 hours/day: If you only want to increase your net-worth by 7% each year worked.

Age 30-39:

  1. 10 hours/day: If you want to increase your net-worth by 10% each year worked.
  2. 5 hours/day: If you only want to increase your net-worth by 7% each year worked.

Age 29 and under :

  1. 10 hours/day: If you want to increase your net-worth by 7% each year worked.
  2. However, if they learn how to scale, a good engineer could possibly double the aforementioned percentages since an engineer can do the work of 10-100 accountants.

Its an inefficient use of time to advance your wealth beyond a certain point since money eventually becomes perpetual.  Earning pre-tax $70/hour does not make sense when one earns a guaranteed 3% post-tax on $3 million.  As we get older, health, attention, and time are the priorities.

  1. Health: prioritize good sleep, quality food, physical fitness, outdoor activities, research a quality doctor and get regular blood work done.
  2. Attention:  spending 1 hour QUALITY time in the gym and later with your kids, interacting with them and reading to them is much better than spending 2 hours with them fatigued in front of the television.
  3. Time: outsource everything where you don’t have the greatest competitive advantage, use robots whenever possible and get your groceries delivered on weekly and biweekly schedules.

Solution: Reduced Hour Workday

The derivative shows with each additional minute over 5-7 hours (depending on the work being done), your productivity will not increase pro rata with the time.

NEW OFFICE HOURS & PICK-UP OPTION

Our new office hours are Monday to Friday 8am to 1pm. If it is inconvenient for you to drop by during our office hours you can also arrange a time for someone to pick-up your documents after 1pm. (Edmonton area only)

After 12+ years our blog is still the least influential financial blog on the internet, and our 135 subscribers is a tiny fraction of millions of small business corporations in Canada.  We are not driven by money and popularity, rather we driven by legacy, greatness, and hyper-focused on adding value.

We are focused on the following 7 customer groups:

  1. B2B technology
  2. B2B trades (plumbing, electrical, etc.)
  3. CNC machine shops
  4. Single-idea restaurants
  5. Salons
  6. Consumable product subscriptions (Skincare, Makeup product of the month, etc.)
  7. High-end gyms, country clubs

To protect our clients from ever-increasing fraud and audits, we have redundant security elements in place including the same encryption technology used by Swiss Banks and the most secure layer (SSL) Certificate Authority.  However, with over 40,000 employees, the CRA will be the reason your information is compromised.  What ultimately protects our clients is the fact there are only 3 humans working in our office (all family), so we build genuine relationships with our clients which keeps them safe.

 

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